NZD News

New Zealand's credit card spending increased at a slower rate in June, data from the Reserve Bank of New Zealand showed Monday.

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New Zealand saw 162,100 visitors in June, Statistics New Zealand said on Monday - up 2,600 from a year earlier and surpassing the previous June high of 159,500 in 2013.

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New Zealand's diary giant Fonterra lowered its forecast for farmer payouts for the 2014/15 season citing falling world dairy prices and a strong New Zealand dollar.

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The total number of building consents issued in New Zealand gained a seasonally adjusted 3.5 percent on month in June, Statistics New Zealand said on Wednesday - coming in at 1,950.

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The unemployment rate in New Zealand decreased more than expected in the second quarter while participation rate declined, data showed Wednesday.

The jobless rate came in at 5.6 percent in the second quarter, figures from Statistics New Zealand showed.

This was less than the jobless rate of 5.9 percent in the first quarter and the 5.8 percent rate expected by economists.

The number of employed people rose 3.7 percent year-over-year in the second quarter, the same rate as in the previous quarter. Economists had expected the number of employed people to increase 4 percent.

On a quarter-over-quarter basis, employment increased 0.4 percent, which was slower than the 0.9 percent in the first quarter and the 0.7 percent consensus estimate.

Meanwhile, the participation rate fell to 68.9 percent from 69.2 percent in the first quarter. Economists expected the participation rate to rise to 69.3 percent.

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House prices in New Zealand increased at a slower rate in July, data from Quotable Value, or QV, showed Thursday.

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Inflation expectations for the upcoming year decreased during the third quarter, the results of a survey published by the Reserve Bank of New Zealand showed Tuesday.

The one-year inflation expectation decreased to 1.96 percent. In the previous quarter, the inflation expectation was at 2.08 percent.

The two-year inflation expectation also dropped to 2.23 percent in this quarter from 2.36 percent.

Respondents' expectations concerning GDP growth one-year-ahead and two year-ahead slid 0.2 percentage points each to 3.1 percent and 2.7 percent , respectively.

For unemployment, the one-year expectation decreased 0.1 percentage point to 5.5 percent while the two-year expectations remained at 5.3 percent.


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The number of visitor arrivals in New Zealand topped 196,900 in July, Statistics New Zealand said on Thursday - a record for the month of July.

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Credit card spending in New Zealand increased at a slower rate in July, figures from the Reserve Bank of New Zealand showed Thursday.

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Kiwi dairy giant Fonterra maintained its forecast for farmer payouts for the 2014/15 season, a released from the company revealed Wednesday.

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